A Japanese-owned radiator company is announcing plans to invest more than ten million dollars in its facility in Hopkinsville. State officials say the expenditure will help to retain hundreds of jobs.
T.RAD North America currently employs 410 people in the Hopkinsville area. By investing in their aluminum division and their copper/brass division, the company plans to increase production capacity. In addition, all administrative staff from both divisions will be placed in one location.
Company officials say the investment will help to meet the demand for lighter weight aluminum products. Kentucky Governor Steve Beshear says the move will help "keep them competitive and prosperous right here in the Commonwealth."
The Kentucky Economic Development Finance Authority has given the company preliminary approval for tax incentives up to two million dollars for the project. T.RAD, which was formerly known as Toyo Radiator, first established a location in Hopkinsville in 1988.